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The consumer brand of India's leading mobile internet company, One97 Communications, Paytm is headquartered in New Delhi NCR. With a current user base of more than 130 million, Paytm is on a mission to bring half a billion Indians into the mainstream economy using mobile payments, commerce, and soon to be launched payment banking services.
Some investors have voiced concerns about the loss-making Paytm's business model. Founded by Vijay Shekhar Sharma, who was once named as India's youngest billionaire, Paytm's platform was launched in 2010.
Founded by Akshay Khanna and Vijay Shekhar Sharma in 2010, Paytm is backed by investors that include Ant Financial, One97 Mobility Fund, SoftBank Vision Fund, T. Rowe Price, and Vijay Shekhar Sharma and is headquartered in Noida. Paytm is a payment gateway that provides payment services for customers and merchants.
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